On Nov. 15, IOW BANK proposed rule on fees for corporate applicants.
IOW BANK proposed to adopt new rule 19 to Iowa admin code, IOW FIN 187-2.19.
Would formally adopt existing application fees re corporate applications for banks.
Proposal
Adopts IAC 187-2.19, schedule of the existing fee structure for corporate applications.
Sets into rule existing required application fees re corporate applications for banks.
The cost of the application fees will be borne by banks filing the corporate application.
Includes applications for new bank offices, mergers, amendments to articles of incorporation, other applications needing approval by banking superintendent.
The 2022 fee amounts were reviewed and found to remain appropriate.
Benefits banks by setting in rule application fees for each of the identified applications.
Consultation
Written or oral comments to be received no later than Dec. 13, 2023, 4:30pm CT.
Nov. 29, 2023 IOW BANK Hearing Notice
On Nov. 29, 2023, IOW BANK published notice of hearing scheduled for Dec. 13, 2023.
Jan. 2024 IOW BANK Regulatory Analysis
On Jan. 5, 2024, IOW BANK issued finalized regulatory analysis for the proposed rule.
Feb. 2024 IOW BANK State Register
On Feb. 7, 2024, IOW BANK republished proposed rule, comments by Feb. 27, 2024.
May 2024 IOW BANK Rule Adoption
On May 1, 2024, IOW BANK reported adoption, no changes; effective on Jun. 5, 2024.
Regulators
IOW BANK
Entity Types
Bank
Reference
IOW SR Vol. XLVI No. 22 p.8983, RF, 5/1/2024; IOW SR Vol. XLVI No. 16 p. 6541, Nt, 2/7/2024; PR, RF, 1/5/2024; IOW SR Vol. 46 No. 11. p. 3344, 11/29/2023; IOW Bul Vol. 46 No. 10 p. 3278, 11/15/2023; Citation: IOW FIN 187-2;
